Luxury
Ultra-Luxury Condo Tower Underway in Philadelphia
Dranoff Properties’ $253 million, 47-story residential high-rise at the corner of Broad and Spruce streets will feature more than 36,000 square feet of amenities.
Jacksonville Property Commands Record Per-Unit Price
RST Development purchased the luxury community for $63.4 million, or $211,333 per unit, the highest price per unit ever paid for a Northeast Florida suburban asset. CBRE represented the seller.
Chicago-Area Assisted Living Community Gets New Building
The 156-unit luxury facility, located right across from Chicago Botanic Garden, opened its doors in 2014. A former memory care wing will be converted into assisted living units.
Inland Trades KY Apartments for $46M
Berkadia provided the buyer of the 270-unit Class A community with more than $33 million in acquisition financing through Freddie Mac.
Carroll Org. Pays $39M for Charlotte Community
CBRE provided the buyer of the 268-unit luxury multifamily asset with more than $27 million in acquisition financing through Freddie Mac.
Lonicera Partners Lands $70M for Brooklyn Luxury Development
The acquisition and construction financing from Santander Bank and City National Bank was arranged by JLL Capital Markets for the project at 308 Livingston St.
Interwest Acquires Vegas Property for $21M
Interwest Capital Group financed the acquisition of the 100-unit Class A asset with a $12.6 million Freddie Mac loan, and RSE Capital Partners provided preferred equity.
ResProp Adds Tampa Communities to Management Portfolio
The two assets owned by Trinity Property Group add up to 160 units and are located within one mile of the University of South Florida.
LMC Breaks Ground on 445-Unit Minneapolis Property
The property on First Avenue will include 8,000 square feet of retail and is slated for completion in the fall of 2020.
San Diego-Area Luxury Community Reaches Completion
Developed by Pathfinder Partners and Silvergate Development in Vista, Calif., the high-end property sits on a 1.5-acre parcel that was initially owned by the California Redevelopment Agency.